Over last month, Cable unfolded towards the downside as expected and first target was reached and exceeded.
The short term view expects Cable to unfold towards the upside in a corrective manner before reversing directions and moving towards the downside in an impulsive manner. On the other hand, the alternate weekly chart expects that upwards correction is complete and that Cable should be expected to resume its downtrend.
We are updating both main and alternate counts according to the latest price action and as always we will wait for either count`s confirmation point to be reached to determine the highly probable count.
For a more in depth look please view the latest published weekly analysis.
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Over last month, Cable unfolded towards the downside as expected by both main and alternate counts and Cable is yet to reach main count`s confirmation point.
The short term view expects Cable to continue moving in an impulsive manner towards the downside before finding a bottom with a stage characterized by a choppy movement and slow volume, however the alternate count expects Cable to reverse directions and move towards the upside.
We are updating both main and alternate counts according to the latest price action and as always we will wait for either count`s confirmation point to be reached to determine the highly probable count.
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Over last month, Cable unfolded towards the upside as expected and it fell short of the specified target by 8 pips before reversing directions and moving towards the downside.
The short term view expects Cable to continue moving towards the downside before finding a bottom with a stage characterized by a choppy movement and slow volume. Mid term and long term picture differs from the short term picture for the main count as both expect Cable to fall in a motive manner.
We are updating the main count according to the latest price action and as well adding an alternate count which anticipates Cable to unfold towards the upside following a short corrective decline.
as always we will wait for either count`s confirmation point to be reached to determine the highly probable count.
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Over last month, Cable unfolded towards the upside as expected under the alternate count and the first target was reached and exceeded.
We are updating the main count according to the latest price action and as always we will wait for the main count`s confirmation point to be reached to gain further confidence in the main count.
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Over last month, Cable unfolded towards the downside increasing the pobabilities of the main count. The main count`s confirmation point is yet to be reached and at this stage both main and alternate counts have almost equal probabilities.
We are updating both counts according to the latest price action and as always we will wait for either count`s confirmation point to be reached to determine the highly probable count.
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Over the last month, Cable unfolded towards the upside confirming the alternate count and target was reached and exceeded. So far Cable is shy of the main count`s invalidation point by almost 50 pips.
We are updating both counts according to the latest price action and it is worth mentioning that the main count`s probabilities are decreasing and the alternate count`s probabilities are increasing as the pound continue unfolding towards the upside.
As always we will wait for either count`s confirmation point to be reached to determine the highly probable count.
P.S: This month`s video analysis will be published shortly.
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Over the last month, Cable unfolded towards the downside leaving both counts valid as it is yet to reach either count`s confirmation point.
Cable has been trading in a sideways manner within a range for the past four years -since mid 2009- and that is indicative of a corrective movement. Lately, Cable has been trying to test the upper boundary of that sideways movement. We will be discussing three different scenarios shortly.
We are updating both counts according to the latest price action and as well adding a third count which has lower probabilities at the time being as it does not provide the best fit.
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Over the last month, Cable unfolded towards the upside invalidating both counts and therefore we are modifying the main count according to the latest price action and adding an alternate count which expects Cable to reverse directions and move towards the downside.
Cable has been trading in a sideways manner within a range for the past four years -since mid 2009- and that is indicative of a corrective movement. Lately, Cable has been trying to test the upper boundary of that sideways movement. We will be discussing two different scenarios shortly.
Both counts have almost equal probabilities and as always we will use each count`s invalidation point to confirm the other count.
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The pound started this month by moving towards the upside proving that wave 4 maroon had more to offer towards the upside before reversing directions sharply towards the downside.
We are updating the main count according to the latest price action and as well adding an alternate count which expects corrective downwards movement before reversing directions and moving towards the upside.
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Over the last month the pound unfolded towards the upside as expected and both daily and weekly specified targets were reached and exceeded with the weekly target being exceeded by 27 pips.
We are updating the main count according to the latest price action and an alternate count will be presented once price action suggests an alternate count.
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